CrowdStrike vs. Okta: Which Cybersecurity Stock Is the Better Buy After Q2 Earnings?

Both CrowdStrike and Okta exceeded Q2 expectations and raised guidance, with CRWD surging 20% and OKTA soaring 30%. However, CrowdStrike's valuation has become stretched at 150X forward earnings compared to Okta's 76X. While CrowdStrike showed stronger growth, Okta offers better value with improving margins, robust cash flow, and a more reasonable valuation, earning a Zacks Rank #2 (Buy) versus CRWD's Rank #3 (Hold).